Latest / Early Edition with Ryan Bridge / Malcolm Fleming: Certified Builders CEO on construction and manufacturing jobs declining by 8%

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Malcolm Fleming: Certified Builders CEO on construction and manufacturing jobs declining by 8% · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The house renovations are basically keeping builders busy at the moment.
• 0:03
  Speaker 1: In the year to February, construction jobs went backwards two
• 0:05
  Speaker 1: point one percent. Manufacturing was down one point six These
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  Speaker 1: are the numbers out yesterday. That's nearly eight thousand jobs
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  Speaker 1: gone in a year. Malcolm Fleming, New Zealand certified builders
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  Speaker 1: SEEO with us this morning. Hey Malcolm, good morning. Right,
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  Speaker 1: jobs going well? Where are the workers going?
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  Speaker 2: Was he? For the last two years has been pretty
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  Speaker 2: tough for the construction industry, with some reporting talking about
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  Speaker 2: fifteen thousand plus jobs depart of the sector of people
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  Speaker 2: who have other left the industry to other industries here
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  Speaker 2: in New Zealand or it departed overseas and as you say,
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  Speaker 2: to destroy has been a key destination.
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  Speaker 1: What proportion of the work here now is renolds versus
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  Speaker 1: new builds versus state housing stuff like that.
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  Speaker 2: If I look at our membership and what they're telling me,
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  Speaker 2: over half of their workload going forward is in the
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  Speaker 2: renovation area. That's one area of the market that has
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  Speaker 2: stole up. Looking at Stax in New Zealand's the statistics
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  Speaker 2: over the last twelve months or so. Most other things
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  Speaker 2: have fallen away.
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  Speaker 1: What would it normally be.
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  Speaker 2: It would be renovations would be low below fifty percent.
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  Speaker 2: New builds the area that has sort of fallen away
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  Speaker 2: quite a lot, and so well qualified builders with the
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  Speaker 2: ability to do so move across and can do things
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  Speaker 2: like renovations and small commercial works and other parts of
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  Speaker 2: the market.
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  Speaker 1: Malcolm, if you were pricing a job today, I was
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  Speaker 1: thinking about this this morning. Pricing a job today versus
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  Speaker 1: say February before the war began, back in the golden times,
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  Speaker 1: how much extra would you be building into a job.
• 1:48
  Speaker 2: Well, talking to merchants over the last couple of weeks,
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  Speaker 2: we're starting the irregular increases to materials starting to flow
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  Speaker 2: on through. It's always reminiscent of COVID times across twenty
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  Speaker 2: twenty twenty twenty two when there is almost fort mine
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  Speaker 2: the updates to the merchantists. So they range really sort
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  Speaker 2: of fuel prices that are being added on, and they're
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  Speaker 2: addings of four percent eight percent. This is an indication
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  Speaker 2: across the board. But these are fuel costs that have
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  Speaker 2: been put onto the delivery of products and added to
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  Speaker 2: the delivery cost.
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  Speaker 1: And therefore would the price of a build go up
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  Speaker 1: four to eight percent potentially right.
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  Speaker 2: At the moment, in the middle of all this, the
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  Speaker 2: cost of build is going up.
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  Speaker 1: Appreciate your time this morning, Malcolm, Thanks for being with me.
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  Speaker 1: Malcolm Fleming, who is certified to build a CEO.
• 2:42
  Speaker 2: For more from Early Edition with Ryan Bridge.
• 2:45
  Speaker 1: Listen live to news Talks. It'd be from five am weekdays,
• 2:48
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